Kof Kofol ola a Československo 1Q1 Q16 resu sult lts 2 May 2016
Kof Kofol ola gro a group up key key hig highl hlight ights 3 Kofola Group results 1Q16 | Investor presentation
Kof Kofol ola gro a group up key key hig highl hlight ights Product revenue segments 8% Profit/(loss) for the period Revenue (CZK mn) Carbonated (CZK mn) 12% beverages 47% 21 1 466 Non-carbonated 1 253 beverages Waters -21 25% Syrups 1Q15 1Q16 1Q15 1Q16 Other 8% Geographical revenue segments 3% EBITDA (CZK mn) Net debt/EBITDA 8% 40% Czech Republic 154 145 Slovakia 1Q16 28% 1,53 Poland Slovenia 2015 1,14 Export 1Q15 1Q16 21% 4 Kofola Group results 1Q16 | Investor presentation
Kof Kofol ola gr grou oup key hi p key high ghli lights ghts Key financial data [mCZK] Segment revenues 1Q16 % Carbonated beverages 683.6 47% Waters 368.5 25% Syrups 174.3 12% Non-carbonated beverages 119.8 8% Other 120.1 8% Total 1 466.3 100% EBITDA 153.8 Total assets 8 191.9 Equity 2 862.8 Net debt 1 703.2 Net debt/12mEBITDA 1.53 Net debt/Equity 0.59 EPS attributable to shareholders of (0.93) Kofola ČeskoSlovensko [CZK/share] 5 Kofola Group results 1Q16 | Investor presentation
Ou Our ma r main in br bran ands 6 Kofola Group results 1Q16 | Investor presentation
Ne New pr w prod oduc ucts ts in in 201 2016 Kofola Apricot 1.5l – new format Top Topic Lemon 1.5l, 0.5l Apricot Kofola is now available in 1.5l PET bottles. Popular Top Topic has new refreshing taste – lemon. The product is available in PET bottles of 1.5l and 0.5l. Kofola Melon 0.5l Semtex pomegranate Kofola family has new member. The melon joins the New taste of energy drink Semtex – pomegranate will original, apricot, citrus, cherry, extra herbs, vanilla and support strong growth on the Czech and Slovak market. guarana flavours. The product is available in PET bottles of 0.5l. Arctic flavoured waters Radenska 1.5l, 0.5l, 0.25l – new market Arctic low sparkling flavoured waters – orange, lime & Radenska Original is now available on Slovak market in mint, grapefruit - are available on the Polish market. 1.5l PET, 0.5l PET and 0.25l glass bottles. 7 Kofola Group results 1Q16 | Investor presentation
Ne New pr w prod oduc ucts ts in in 201 2016 Paola Super Barman – Blue Curacao, Radenska Orange, Mint&Lemon, Raspberry Mojito, Grenadine 0.97l Radenska has now new flavours – Orange, Mint&Lemon Paola Super Barman, syrups dedicated for gastro segment, and Raspberry – available in 1.5l PET, 0.5l PET and 0.25l are now available in flavours Blue Curacao, Mojito and glass formats on the Slovenian market. Garanadine in 0.97l bottles on the Polish market. Jupík Orange 0.33l Oaza Thyme, Linden Jupík Orange, new taste of children drink, is now New tastes of Oaza waters are available in 1.5l PET and available in 0.33l PET bottles on the Polish market. 0.5l PET bottles on the Slovenian market. Nara, Inka, Voćko – new brands Nara (orange lemonade), Inka (tonic water) and Voćko (syrups) are now part of the Group ´ s portfolio for The Group also produces and distributes PepsiCo products on the Croatian market since the beginning of 2016. Croatian market. 8 Kofola Group results 1Q16 | Investor presentation
ma main in ev even ents ts 20 2016 16 Since January 2016, the Group became an exclusive producer and distributor of the PepsiCo portfolio products on Croatian market. The cooperation with PepsiCo on Slovenian market works for more than 20 years. Expansion in the In first quarter of 2016, the Group acquired brands Voćko , Nara and Inka from the Croatian non- alcoholic drinks producer Badel 1862. The Group also became a distributor of Badel ´ s drinks in Adriatic region HoReCa segment. These opportunities represent an extension of the Group ´ s portfolio for Croatian market and an expansion of the presence further to the region. The Group took first steps to commence the process of streamlining its structure through the cross-border merger of Kofola ČeskoSlovensko a.s., Kofola CS a.s., Kofola S.A., Kofola holdinška družba d.o.o. and PINELLI spol. s r.o. At the end of the process, the Group ´ s structure will be very efficient and will enable a fast dividend stream from business entities directly to the top holding Changes in the company. structure Also, on 26 April 2016, Kofola holdinška družba d.o.o. announced the commencement of a squeeze-out procedure of Radenska d.d. ´ s minority shareholders who hold 2.38% of shares. At the end of the process, Kofola holdinška družba d.o.o. should became the sole shareholder of Radenska d.d. 9 Kofola Group results 1Q16 | Investor presentation
Mark Ma rket co et condi nditions tions in in 201 2016 • increasing household consumption • stabilisation of consumption in the most • stable environment profitable gastro segment • decreasing household unemployment and • faster increase of turnover in discount increasing real wages chains • slight increase of sugar price Weather her in the the central ral europ rope 25 °C Temperature 15 °C 2014 2015 5 °C 2016 -5 °C 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Precipitation 200 mm 2014 100 mm 2015 0 mm 2016 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 11 Kofola Group results 1Q16 | Investor presentation
re resul ults ts of of KOF KOFOL OLA A Gro roup up Results comparison 1Q16 1Q15 Change Change CZK mn CZK mn CZK mn % Revenue 1 466.3 1 253.0 213.3 17.0% Cost of sales (949.9) (803.1) (146.8) 18.3% Gross profit 516.4 449.8 66.5 14.8% Selling, marketing and distribution costs (386.9) (339.0) (47.9) 14.1% Administrative costs (104.1) (79.8) (24.2) 30.3% Other operating income, net 0.9 1.3 (0.4) (29.5%) Operating result 26.3 32.3 (6.0) (18.6%) EBITDA 153.8 144.6 9.2 6.4% Finance costs, net (39.1) (7.4) (31.7) 428.7% Income tax (8.3) (3.5) (4.8) 137.1% Profit/(loss) for the period (21.2) 21.4 (42.5) (198.9%) - attributable to shareholders of the parent (20.6) 21.5 (42.1) (196.1%) 12 Kofola Group results 1Q16 | Investor presentation
re resul ults ts of of KOF KOFOL OLA A Gr Grou oup [MC MCZK ZK] EBIT Revenue Gross margin 1Q15 1Q15 1 253.0 1Q15 35.9% 32.3 -0.7 p.p. +17.0% -18.6% 35.2% 1 466.3 1Q16 1Q16 1Q16 26.3 EBITDA margin EBITDA EBIT margin 1Q15 144.6 1Q15 1Q15 2.6% 11.5% +6.4% -1.0 p.p. +1.2 p.p. 153.8 1Q16 1.8% 1Q16 1Q16 10.5% 13 Kofola Group results 1Q16 | Investor presentation
re resul ults ts of of KOF KOFOL OLA A Gr Grou oup p [MC MCZK ZK] CapEx Cash flows from operations Net debt 129.6 31/12/15 (98.8) 1Q15 1Q15 1 276.9 +65.4% -85.0% +33.4% 214.4 31/3/16 (182.8) 1Q16 1Q16 1 703.2 Total assets Working capital Net debt/EBITDA 31/3/15 31/12/15 8 491.0 1.14x (75.8) 31/12/15 -3.5% +0.39x -88.9% 31/3/16 1.53x 31/3/16 8 191.9 31/3/16 (143.2) 14 Kofola Group results 1Q16 | Investor presentation
re resul ults ts of of KOF KOFOL OLA A Gr Grou oup p [MC MCZK ZK] Net profit attributable to shareholders Net profit margin of Kofola ČeskoSlovensko 1Q15 21.5 1Q15 1.7% -196.1 % -3.1 p.p. 1Q16 (20.6) 1Q16 (1.4%) EPS attributable to shareholders of Kofola ČeskoSlovensko [CZK/share] 1Q15 0.97 -196.1% 1Q16 (0.93) 15 Kofola Group results 1Q16 | Investor presentation
geo geogr graph aphical ical segm egment ent sal ales es [MC MCZK ZK] +28.6% 592.0 Legend: 1Q15 -17.0% 1Q16 489.2 460.2 405.9 +3.5% 302.6 292.3 +100% 124.5 +266.7% 41.4 11.3 0.0 Czech Export Poland Slovakia Slovenia Republic 37% 23% 39% 0% 1% 1Q15 Czech Republic Slovakia Poland Slovenia 1Q16 Export 40% 21% 28% 3% 8% 16 Kofola Group results 1Q16 | Investor presentation
Pr Prod oduc uct segm egmen ent t sal ales es [MC MCZK ZK] 683.6 Legend: 1Q15 621.0 +10.1% 1Q16 +48.0% 368.5 -12.6% 249.0 +52.2% +14.4 % 199.4 174.3 119.8 120.1 104.7 78.9 Carbonated Non-carbonated Other Waters Syrups beverages beverages 50% 20% 16% 8% 6% Carbonated 1Q15 Waters Non-carbonated Syrups 1Q16 Other 25% 47% 12% 8% 8% 17 Kofola Group results 1Q16 | Investor presentation
Segm egment ent po positi itions ons* Legend: PL CZ SK SI Leader Viceleader Cola beverages 3 2 1 3 Carbonated beverages - 3 2 2 Waters - 5 1 1 - Syrups and concentrates 2 1 2 Beverages for children 6 2 2 - - Energy drinks - 4 >6 19 * estimated position of the Group in the main segments on the retail soft drinks market Kofola Group results 1Q16 | Investor presentation
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